Jensen Huang Resigns as Nvidia CEO Amid Independent Probe Into Security and Conduct
CFO Colette Kress named interim CEO as the board searches for a permanent successor following an independent probe into foreign intelligence concerns.
- On Thursday, Nvidia CEO Jensen Huang resigned effective immediately, and the board appointed CFO Colette Kress as interim CEO while launching a search for a permanent successor.
- Mounting pressure followed reports of two extramarital affairs, including one with Alice Huang, a former Megaspeed executive whom U.S. intelligence officials suspected of spying for China, prompting an independent board investigation.
- Nvidia stock tumbled more than 10% in premarket trading Thursday, adding to a weekly decline that wiped out about $500 billion in market value amid concerns about the company's $4 trillion valuation.
- Former Synopsys CEO Harvey Jones has been appointed as Nvidia's first-ever board chair to stabilize leadership, while Kress committed to continuing operations and product roadmaps without interruption over the past 33 years of foundation.
- Nvidia's third-quarter results, scheduled for Tuesday, November 17, will mark Kress's first earnings call as interim CEO amid ongoing scrutiny of the company's central role in global AI infrastructure and investor confidence.
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The Nvidia semiconductor company does not sail in quiet waters. The boss, Jensen Huang, has resigned on Thursday. Suspects of espionage, adultery, difficulty on the stock exchange... Here are the latest twists in this scandal that shakes the American technology industry.
Jensen Huang, a global salesman for artificial intelligence, resigns from Nvidia after affair – WTOP News
Nvidia CEO Jensen Huang resigned Thursday after his extramarital affair raised national security concerns, in a spectacular downfall for the longtime head of the chipmaker, a vital player in the artificial intelligence boom. Huang, who has been synonymous with Nvidia since he co-founded it more than 30 years ago, faced growing calls to resign following his affair with a Chinese businesswoman who reportedly was also acting as a spy for Beijing. H…
Nvidia’s Huang resigns, Bombs threats grip Europe, Spain’s PM gets boost before election
Jensen Huang resigns as CEO of NvidiaThe co-founder of the chipmaking colossus resigned on Thursday, just days after admitting to an affair with a suspected Chinese spy. Huang’s exit sends shockwaves through the tech industry and the wider geopolitics attached to it. He was, personally, the force that made Nvidia a dominant player in AI, both as an elite chipmaker and data center investor. His exit could rattle investor sentiment in the AI boom …
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